AP to unfold another round of partnership summit

The State government is getting ready for the third round of partnership summit to be held in Visakhapatnam for three days from February 24. Chandrababu Naidu had held two rounds of such summits in 2016 and 2017 with the support of the Confederation of Indian Industry (CCI).

The state government claims that it had signed 290 MoUs in the first summit in 2016 with various companies anticipating a whopping investment of Rs 3,44,201 crore and providing employment to 7,03,727 persons. In the second summit in 2017, the government signed 586 MoUs with Rs 7,65,994 crore investment proving jobs to 11,28,340 persons. This all together stood at 876 MoUs worth Rs 11,10,195 crore and jobs to 18,32,067 persons. Not sure how much investment had come out of this whopping Rs 11 lakh crore agreed in the last two summits.

This year, the government is planning to sign around 1000 MoUs and the investment projections are set to cross Rs 15 lakh crore.

If the Rs 11 lakh crore investments have come to the State and 18.32 lakh persons in the State have secured jobs in the last two years, there is no need for any one in Andhra Pradesh to worry about special category status or any other benefits of the bifurcation. This amount is enough to see an advanced Andhra Pradesh.

Moreover, the projection of 14.4 per cent growth rate in the State as against the national growth rate of 7.2 per cent is enough to stop claiming for special category status. It is for this growth projection, the NITI Aayog vice-chairman had said that there is no need for the Central government to lend handholding to the State. He said that AP, with the growth rate projections and investment claims, can extend financial support to several States in the country.

Most of the officials in the North Block in Delhi where the Finance Ministry resides are making fun of Andhra Pradesh claims on investments and growth rate. Any state with double the growth rate of the country and investments running into a few lakh crore rupees does not require any financial support and there is no need for the Chief Minister to look for financial assistance.

The third partnership summit to be held from February 24 is all set to unfold further more such claims for the State, far away from reality. The digital world would bring us mouth-watering power point presentations on investments and employment opportunities with MoUs crossing 1000 mark.


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